A day of significant global developments is underway, as the US retail giant Target announces a major corporate restructuring, the International Monetary Fund (IMF) issues a new and more cautious forecast for Asian growth, and Elon Musk makes a stunning demand for the largest pay package in corporate history. These events paint a picture of […]
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Elon Musk’s SpaceX-owned Starlink is nearing the finish line to launch its satellite broadband services in India, as the company undergoes mandatory security tests — one of the last major steps before receiving full commercial clearance. The trials are part of India’s telecom security process for both local and foreign players, signalling the country’s growing […]
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Tesla shares fell 2% on Friday, reversing gains from the previous session, as the National Highway Traffic Safety Administration (NHTSA) sought information about the company’s new driver-assistance mode, dubbed “Mad Max.” This mode, part of Tesla’s Full Self-Driving (FSD) system, reportedly allows vehicles to operate at higher speeds than other versions, with some drivers on […]
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The crypto market is crashing today, with Bitcoin and most altcoins being in the red. Bitcoin is in a deep correction after falling by over 15% from its highest point this year. Other top cryptocurrencies like Virtuals Protocol (VIRTUAL), SPX6900 (SPX), Aerodrome Finance (AERO), Sei (SEI), and Optimism (OP) falling by over 10% in the […]
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Bitcoin price continued its weekend downturn today after bulls failed to stabilise footing above the $110,000 support level, triggering a wave of liquidations across exchanges as macro uncertainty in the US kept sentiment on edge. A significant chunk of value was wiped from crypto markets with total market capitalisation dropping roughly 3% to $3.68 trillion […]
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A crypto crash happened today, with Bitcoin and most altcoins continuing their recent downtrend. Bitcoin price plunged to a low of $104,130, down by 17% from its highest level this year. Other top altcoins like Aster, Aptos, World Liberty Financial, Cosmos, Toncoin, Sei, and Flare plunged by over 10% in the last 24 hours. All […]
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President Donald Trump announced a landmark agreement Thursday with pharmaceutical giants Eli Lilly and Novo Nordisk to dramatically slash prices for their blockbuster weight-loss drugs, potentially cutting monthly costs from over $1,300 to as low as $149. The deal marks a major victory for the administration’s “Most Favored Nation” pricing push and signals a turning […]
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Celsius Holdings Inc (NASDAQ: CELH) tanked well over 25% this morning even after the fitness and energy drinks specialist reported market-beating financials for its third quarter (Q3). What spooked investors was primarily a $247 million distributor termination charge related to its transition into PepsiCo’s distribution network. While substantial, it’s a one-time hit only – and […]
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Galaxy Digital has received a bullish endorsement from Morgan Stanley, which sees significant upside for the company as it strengthens its dual focus on artificial intelligence and digital assets. The investment bank initiated coverage of the stock with an overweight rating and a $42 price target, implying roughly 34% potential upside from Wednesday’s closing price. […]
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Argentina’s financial markets remained under pressure from persistent exchange rate pressures on Wednesday, as the squeeze on the Treasury accelerated due to the erosion of revenue from a special liquidation scheme with agricultural exporters. The Ministry of Economy has sold almost $1.6 billion over the past six sessions to support the weakening peso, according to […]
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